Affordable Housing Crisis in Nigeria: Government and Private Sector Seek Solutions

Nigeria’s affordable housing deficit continues to pose significant challenges, with millions of citizens lacking access to quality, low-cost housing. The government has launched several initiatives to address this crisis, including partnerships with private developers to construct affordable units. However, progress remains slow due to factors such as high construction costs, limited access to financing, and bureaucratic hurdles. Innovative approaches, such as the use of alternative building materials and modular construction techniques, are being explored to reduce costs. Additionally, microfinance institutions are developing specialised products to improve access to housing finance for low-income earners. Experts stress that solving the affordable housing crisis is crucial for Nigeria’s social and economic development.